How can you ensure your pension will last? Part of the role of a financial planner is to help you to craft a sustainable retirement plan. Remember, with the average UK lifespan now over 81 years, your pension(s) might need to last 30+ years. Below, our team at Elmfield offer some thoughts…
How secure are your finances should the “worst happen”? With the arrival of a new year, 2022 brings the opportunity to take a fresh look at your financial protection. However, this subject can seem formidable – meaning it is easy to put off. Below, our team at Elmfield offers this short guide…
Inheritance tax (IHT) is one of the UK’s most notoriously complex taxes. It also touches on some sensitive topics in family discussions, since estate planning concerns “who gets what” when the owner dies. However, the subject must be tackled and it’s important to leave the best legacy…
China’s economy has shown promise for quite some time. Pre-1978, China saw 6% annual GDP growth. Yet after this (i.e. when the state started relinquishing control over productive assets), the growth rate shot up to 9%. In 2021, the World Bank still projected 8.1% growth for China despite the challenges…
Each financial year, you are granted fresh allowances which can help you save on tax – helping your savings, income and investments to stretch further. The quieter moments of the Christmas break can be a great time to check whether you are on track to make the best of them. In this article, our financial planning…
There are many reasons why people may have left their pension planning until their 40s. Maybe you spent much of your adult life raising young children, not building a career (a noble thing). It might simply be that you delayed thinking about it. The good news is, your 40s still gives plenty of time to start moving towards…
Many people get caught off-guard by capital gains tax (CGT) – the tax on profits you make when selling (“disposing of”) assets such as shares and Buy-to-Let property. In particular, people can get hit with an unexpected CGT bill when moving house. Here at Elmfield Financial Planning, we want to help ensure that people in Padiham…
The world has been on a rollercoaster with COVID-19. In late 2021, just as it started to look like the UK, US and other developed countries would be able to “live with” the virus, a new variant hit the headlines. Markets have reacted with volatility in the past…
When you have spent decades saving, building wealth and paying taxes along the way, it is very natural to feel that you have a right to decide what happens to your wealth after you die. This is why inheritance tax is sometimes called the UK’s “most hated tax” – or the “death tax”…
Many investors have been intrigued by cryptocurrencies since their emergence in 2009 (when Bitcoin was created). Since COVID-19 swept the world in 2020, however, they have become even more interesting as investors have sought strong returns outside of the stock markets…
Recent Comments